Business
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Truckers Against Trafficking Launches ‘Man to Man’ Awareness Campaign
A nationwide campaign aimed at raising awareness about human trafficking, and amplifying industrywide efforts was launched by Truckers Against Trafficking and key partners, the group announced Feb. 21.
Sales of Existing Homes Unexpectedly Fell in January
Sales of previously owned U.S. homes unexpectedly fell in January to a four-month low, indicating a shortage of available properties is increasingly hindering the real-estate industry, a National Association of Realtors report showed Feb. 21.
February 21, 2018Lawmakers Commence Fiscal 2018 Funding Bill Negotiations
A fiscal 2018 funding bill being negotiated is expected to provide a viable vehicle this year for advancing a meal and rest break provision for truckers which proponents argue would improve safety and efficiency.
Former Amazon Executive Joins Covenant Transport as Chief Transformation Officer
Covenant Transport Services has hired a former executive at Amazon and rival U.S. Xpress Enterprises to serve in the newly created position of chief transformation officer.
February 21, 2018Idaho Hack Less Severe Than Projections Indicated
A recent cyberattack targeting the Idaho Transportation Department did not jeopardize as many truckers’ personal information as originally feared, according to an agency spokesman
Port Authority of N.Y.-N.J. to Dedicate $44 Million to Hudson River Tunnel Project
The Port Authority of New York and New Jersey voted on Feb. 15 to dedicate $44 million to the multibillion dollar Hudson River tunnel project.
Daimler Throws Shade at Tesla as Truck Rivalry Heats Up
Daimler AG cast doubt on Tesla Inc.’s plan to deliver electric heavy trucks next year, saying its more modest goal to start selling battery-powered big rigs by 2021 is more realistic.
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February 20, 2018Diesel Price Declines 3.6¢ a Gallon
The U.S. retail diesel average declined 3.6 cents to $3.027 a gallon, the Department of Energy reported Feb. 20.
February 20, 2018Ballard Fuel Cells to Power Large Deployment of Chinese Trucks
Ballard Power Systems Inc. announced the planned deployment of 500 licensed fuel-cell electric commercial trucks in Shanghai, purportedly the largest of its kind in the world.
February 20, 2018